Currently, most vehicles used in the pre-COVID times are sitting in garages for many days on end. Government-imposed lockdowns and movement cessations have encumbered businesses, and most people are looking to downsize their family vehicle fleets.
Similarly, former bus, subway, and train riders are looking to purchase vehicles. The prospect of sharing a ride with others in close quarters isn’t palatable given the raging pandemic. Accordingly, used car prices shot up by 35% in 2020.
Now, this might prompt you to sell your car. And you have numerous options. You could trade your car in or sell it to a friend or workmate. Alternatively, you could search “sell my car beat CarMax” and suffer the much higher prices than independent dealerships would offer for your vehicle. But what is the best option? Here are some key pointers to get the best price for your car in Austin, TX!
Find out Your Car’s Worth
The first step is to get an appraisal of your car. You can do so by visiting NADAGuides. You will then enter a few details about your car that factor in generating the value/price information.
If you’re interested in a trade-in, you will get a fair trade-in value from the website. Also, if you seek to sell your car, expect figures close to the trade-in value.
On the other hand, if you’re selling to a private party, anticipate a price closer to the clean retail value as you’re transacting with the end-user.
The Best Way to Sell Your Car in Austin TX
With basic value in mind, you must then decide how you intend to sell the vehicle. How much time do you have to sell it? Do you have all your life to do it, or do you just want a fair price?
The obvious choice is to sell it to a private party since it comes with the most money. But just how long will it take you? You will spend a lot of time getting the vehicle ready for sale, creating ads and posters, and showing it for tests to strangers.
Option two might not work if you don’t intend to get a trade-in. So, what do you do? It’s rather simple! You visit J.D. Power’s website, fill in pertinent info about your car, and get linked to a local dealer in Austin, TX, who will purchase the car for its value.
Selling to the Dealer in Austin, TX
Wash and wax your car when visiting the buying dealer to give it a curb appeal – looks matter!
Fix or disclose any mechanical issues to get the best possible price. Private parties might want cars in prime condition, but dealers will expect some mechanical issues. Disclosure will strengthen your bargaining position since the dealers can repair your vehicle at way lower prices.
Also, show your care for your vehicle. Everyone wants the reassurance that they’re getting value for money. Demonstrate your care by providing maintenance records.
Don’t be in a hurry to sell unless the dealer’s price matches the car’s value. The price you get from J.D. Power is good for some time. Utilize this time to show your car to other prospective buyers as well.
With this information, you are well-placed to get the price for your car and beat CarMax prices in Austin, TX. Don’t sell your vehicle for less it’s worth!
